4G auction winners revealed, draws £1bn less than expected
The Ofcom auction of the 4G mobile spectrum has been completed but has brought in over £1bn less than predicted by the Office for Budget Responsibility (OBR).
Everything Everywhere, Hutchison 3G UK, Niche Spectrum Ventures (a BT subsidiary), Telefonica (O2) and Vodafone were the successful bidders with the total purchase sum amounting to £2.34bn, varying greatly from that of the 3G auction, which raised £22bn.
A Treasury spokesperson commented: "The £3.5bn number at Autumn Statement 2012 was certified by the ...
Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
